Company Z had the following information in 2016: Accounts Receivable $10,000, Building $52,000, Accounts Payable $12,000, Long-term Notes Payable $32,000, and Depreciation Expense $2,500. These accounts had the following balances in 2017: Accounts Receivable $12,300, Building $75,000, Accounts Payable $13,100, Long-term Notes Payable $48,000, and Depreciation Expense $6,700. Net Income in 2017 was $22,450. They also paid out dividends of $4,800 in 2017. What is the cash flows from operating activities?

Group of answer choices

$27,950

$16,450

$23,150

$21,250